Monday, June 3, 2024 ▪
3
min reading ▪ acc
In 2024, the crypto world reached a significant milestone with a remarkable increase in the number of cryptocurrency owners worldwide. According to a recent report, the number of people owning cryptocurrencies reached 562 million, which is a 34% increase from the previous year.
Cryptocurrency growth explosion around the world!
This growth is particularly notable among young adults aged 24 to 35, who represent 34% of cryptocurrency holders. This age group forms the largest segment of all age groups.
The leading countries in this phenomenon are the United Arab Emirates and Singapore with respective ownership rates of 25.3% and 24.4%. The 30 countries with the highest home ownership rates include emerging markets such as Turkey and Argentina, as well as smaller economies such as Slovenia and Luxembourg. Asia maintains the lead in cryptocurrency ownership with an increase from 268.2 million to 326.8 million owners, followed by North America with 72.2 million.
The rapid growth of cryptocurrency ownership far outpaces traditional payment methods with a compound annual growth rate (CAGR) of 99% between 2018 and 2023, compared to an average of 8% for traditional payment methods.
Widespread Cryptocurrency Adoption!
This report highlights not only the increase in the number of owners of cryptocurrencies, but also the diversification of their use across different sectors. Due to its decentralized nature and the convenience of digital transactions, it is no surprise that cryptocurrencies are attracting the interest of a growing segment of the global population.
For businesses, these trends offer unprecedented opportunities. Adopting cryptocurrency as a payment option has key benefits, including access to new markets and the ability to attract a young, tech-savvy customer base.
Finally, this report on the State of Global Cryptocurrency Ownership in 2024 provides valuable insights to understand the rapid evolution of this space and the potential implications for businesses worldwide. It is clear that cryptocurrencies are no longer a fringe phenomenon, but an increasingly integrated element of the global economy.
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The world is evolving and adaptation is the best weapon to survive in this wavy universe. Essentially a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.